The Villages, Florida Property Taxes
The median property tax rate in The Villages, FL is 1.36%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in The Villages, the typical annual property tax bill reaches $3,703, exceeding the national median of $2,690. Property taxes in The Villages are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding The Villages' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of The Villages or another part of Marion County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
The Villages, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$3,551
$3,357
Ownwell’s The Villages Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in The Villages with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in The Villages to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across The Villages, Florida
Property taxes in The Villages, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in The Villages is 1.36%, significantly higher than the U.S. national median of 0.99%. Local government entities within The Villages set these rates annually, and they can vary across different neighborhoods. Each year, The Villages estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares The Villages' effective property tax rate to other areas in Marion County and the national median. For comparison, the zip code 32162 has both the highest and lowest median property tax rate of 1.36%. Understanding how these areas compare with The Villages provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average The Villages Tax Rate
1.36%
Average Marion County Tax Rate
1.04%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across The Villages, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32162 | 1.11% | 1.20% | 1.36% | 1.71% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across The Villages, Florida
In THE VILLAGES, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Marion County Property Appraiser for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In THE VILLAGES, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in THE VILLAGES helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $3703 in the 32162 zip code.
Average The Villages Assessed Value
$261,107
Average Marion County Assessed Value
$176,469
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across The Villages, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32162 | $190,589 | $222,552 | $261,107 | $314,408 | $392,384 |
Source: Ownwell
Property Tax Bills Across The Villages, Florida
In The Villages, Marion County, FL, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is typically a percentage of the market value, which is determined by the county assessor. Factors such as property size, location, and improvements can influence the assessed value. For example, the median home price in The Villages is $261,107. Homeowners in this region can expect a range of property tax bills. At the 25th percentile, tax bills are around $3,039, while at the 75th percentile, they climb to approximately $4,652. The highest tax bills, at the 90th percentile, can reach $5,669. Notably, the zip code 32162 holds the highest median tax bill at $3,703, which also happens to be the lowest median tax bill for the area, indicating a consistent tax rate across the region. Compared to the national median property tax rate of 0.99%, homeowners in The Villages may see varying impacts on their finances, depending on their property's assessed value and specific tax rate.
Average The Villages Tax Bill
$3,703
Average Marion County Tax Bill
$1,725
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across The Villages, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32162 | $2,493 | $3,039 | $3,703 | $4,652 | $5,669 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Marion Property Appraiser | |
| Website | www.pa.marion.fl.us |